UK registered organisations can apply for a share of up to £7 million for projects that develop new products and services within Professional and Financial Services.
Programme: Innovate UK
Award: Share of up to £7 million
Opens: 5th Sep 2022
Closes: 9th Nov 2022
Innovate UK, part of UK Research and Innovation, will invest up to £7 million in innovation projects. These will be to support the development of new technology enabled service within Professional and Financial Services.
The aim of this competition is to advance the Professional and Financial Services sectors by supporting them in the creation and adoption of new digitally supported services.
Your project must focus on one or more of the following:
Your project must include the following:
Your project must address innovation in the relevant areas.
Innovate UK want to fund a variety of projects across different technologies, sectors, and supporting excluded or underserved businesses, communities or individuals.
Innovate UK are particularly encouraging applications that:
Innovate UK are not funding projects:
Your project must:
You must only include eligible project costs in your application.
Under current restrictions, this competition will not fund any procurement, commercial, business development or supply chain activity with any Russian or Belarusian entity as lead, partner or subcontractor. This includes any goods or services originating from a Russian or Belarusian source.
To lead a project your organisation must:
Academic institutions and research and technology organisations (RTO) cannot lead.
To collaborate with the lead, your organisation must be one of the following UK registered:
Each partner organisation must be invited into the Innovation Funding Service by the lead to collaborate on a project. Once accepted, partners will be asked to login or to create an account and enter their own project costs into the Innovation Funding Service.
The lead and at least one other organisation must claim funding by entering their costs during the application.
Your project can include partners that do not receive any of this competition’s funding, for example non-UK businesses. Their costs will count towards the total project costs.
Subcontractors are allowed in this competition.
A business can apply as the lead for multiple applications across the 2 strands of this competition, but only one successful project will be funded.
Any organisation can collaborate in any number of applications.
You can use a previously submitted application to apply for this competition.
Up to £7 million has been allocated to fund innovation projects in this competition. Funding will be in the form of a grant.
If the majority of your organisation’s work on the project is commercial or economic, your funding request must not exceed the limits below. These limits apply even if your organisation normally acts non-economically.
For feasibility studies and industrial research projects, you could get funding for your eligible project costs of:
For experimental development projects which are nearer to market, you could get funding for your eligible project costs of:
The research organisations undertaking non-economic activity as part of the project can share up to 30% of the total eligible project costs. If your consortium contains more than one research organisation undertaking non-economic activity, this maximum is shared between them.
Of that 30% you could get funding for your eligible project costs of up to:
Book an appointment to speak to one of our advisors to discuss your eligibility to apply for this Grant Funding opportunity.